Asset Management One Co. Ltd. trimmed its position in AZZ Inc. by 7.5% during the third quarter, selling 4,444 shares and ending the period with 54,907 shares valued at approximately $5.99 million. This reduction brings the firm’s ownership to 0.18% of AZZ’s outstanding stock. Other notable new stakes established in the quarter include Pacer Advisors with $16.36 million, Copeland Capital Management with $15.77 million and SG Capital Management’s second-quarter purchase of $16.82 million. Institutional and hedge fund ownership now accounts for 90.93% of AZZ’s shares, underscoring strong professional interest despite this partial sell-down.

In its fiscal third quarter, AZZ reported earnings per share of $1.52, surpassing consensus estimates by $0.09, on revenue of $425.75 million—a 5.5% year-over-year increase. Metal Coatings sales surged by 15.7% to $195 million, driving segment adjusted EBITDA above 30%. Net income climbed 22.2% to $41.1 million, while adjusted net income rose 9.7% to $46 million. Operating cash flow jumped 20% to $79.7 million. The company repurchased 201,416 shares for $20 million and reduced debt by $35 million during the quarter, lowering net leverage to approximately 1.6x.

Analysts maintain a constructive view on AZZ, with one Strong Buy, six Buy and three Hold ratings contributing to a consensus of Moderate Buy and an average price target of $116.33. B. Riley recently raised its target to $140 and reiterated aBuy recommendation, while Wells Fargo’s overweight rating reflects confidence despite a reduced target of $121. AZZ set fiscal 2026 diluted EPS guidance at $5.90–$6.20 and revenue guidance of $1.6–$1.7 billion, with the midpoint marginally below some street forecasts. Investors will monitor execution against this narrowed outlook in the coming quarters.